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CNN Money reports that Zuckerberg will owe the IRS $1.1 billion from his 2012 tax bill.

The Facebook founder is taking the hit after making the company public last year and purchasing 60 million shares at a “strike price” of 6 cents each. According to CNN Money, Zuckerberg will have to report income of $2.3 billion made from his stock because the IRS considers such stock options a form of compensation.